BCA, The Bank Owned By The Duo Hartono Conglomerate, Has Distributed The Biggest Dividends In The Last 4 Years

President Director of PT Bank Central Asia Tbk (BCA) Jahja Setiaatmadja. (Photo: Instagram @jahjasetiaatmadja)

JAKARTA - PT Bank Central Asia Tbk. (BCA) decided to distribute cash dividends of Rp. 13.02 trillion to shareholders based on the decision of the Annual General Meeting of Shareholders (GMS) which was held today, Monday, March 29.

"The cash dividend includes the interim dividend of Rp. 98 per share which was distributed on December 22, 2020," said BCA in a press statement.

For information, the value of profits provided by the bank owned by the conglomerate Hartono brothers to shareholders (dividend payout ratio) this year reached 48 percent of the net profit in 2020, which amounted to Rp27.1 trillion.

The dividend payout ratio, which is almost half of this amount, continues BCA's generous consistency to its shareholders. Even in VOI's records, the dividend distribution ratio for the 2020 financial year is the largest in the last 4 years.

For example, in 2019 the dividend payout ratio was recorded at 47.9 percent of net income, or the equivalent of IDR 13.6 trillion.

This figure is higher than the ratio in 2018 and 2017 with 32.4 percent (IDR 8.3 trillion) and 27 percent (IDR 6.2 trillion), respectively.

Meanwhile, BCA's net profit in 2019 was recorded at IDR 28.6 trillion. Then for the 2018 period of IDR 25.8 trillion, and 2017 IDR 23.3 trillion.

Meanwhile, the profit value of BCA's shares in 2020 is IDR 530 per share, 2019 IDR 555 per share, 2018 IDR 340 per share, and 2017 IDR 255 per share.

To note, BCA is the largest private bank in Indonesia that is included in the category of Commercial Bank for Business Activities (BUKU) IV with a core capital record of more than IDR 30 trillion.

In the last annual financial report for the 2020 period, it was revealed that this financial service institution with the ticker code BBCA had assets of more than IDR 1,000 trillion and credit notes that were distributed last year worth not less than IDR 575.6 trillion.